D.A. Davidson & CO. boosted its stake in shares of Service Co. International (NYSE:SCI) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,275 shares of the company’s stock after buying an additional 5,093 shares during the period. D.A. Davidson & CO.’s holdings in Service Co. International were worth $2,487,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of SCI. Public Employees Retirement Association of Colorado lifted its holdings in Service Co. International by 34.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 2,717,805 shares of the company’s stock worth $120,127,000 after buying an additional 694,662 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Service Co. International during the third quarter worth $26,791,000. RWC Asset Management LLP purchased a new stake in Service Co. International during the third quarter worth $23,810,000. PNC Financial Services Group Inc. lifted its holdings in Service Co. International by 3,875.6% during the second quarter. PNC Financial Services Group Inc. now owns 529,192 shares of the company’s stock worth $18,940,000 after buying an additional 515,881 shares during the period. Finally, BlackRock Inc. lifted its holdings in Service Co. International by 3.0% during the second quarter. BlackRock Inc. now owns 17,373,394 shares of the company’s stock worth $621,792,000 after buying an additional 499,259 shares during the period. Institutional investors own 89.73% of the company’s stock.
Shares of SCI stock opened at $45.88 on Friday. The firm has a market cap of $8.24 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 2.01 and a beta of 1.03. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.49 and a current ratio of 0.54. Service Co. International has a 12-month low of $35.19 and a 12-month high of $46.23.
Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Monday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The business had revenue of $778.80 million for the quarter, compared to analyst estimates of $762.60 million. Service Co. International had a return on equity of 22.47% and a net margin of 15.76%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. On average, analysts predict that Service Co. International will post 1.82 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, December 13th. Service Co. International’s payout ratio is 43.87%.
In related news, VP Elisabeth G. Nash sold 53,600 shares of the company’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $44.47, for a total value of $2,383,592.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Tammy R. Moore sold 24,500 shares of the company’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $45.00, for a total value of $1,102,500.00. Following the completion of the transaction, the insider now directly owns 64,113 shares in the company, valued at $2,885,085. The disclosure for this sale can be found here. Over the last three months, insiders sold 305,100 shares of company stock worth $13,586,115. 6.20% of the stock is owned by insiders.
SCI has been the topic of a number of recent analyst reports. Zacks Investment Research raised Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Thursday, August 2nd. ValuEngine raised Service Co. International from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Credit Suisse Group upped their price target on Service Co. International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, September 17th. Oppenheimer upped their price target on Service Co. International from $42.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, October 26th. Finally, Raymond James upped their price target on Service Co. International from $45.00 to $47.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $46.17.
Service Co. International Company Profile
Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.
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